Settings8H · net · $10k
Funding arb · Price arb /

SPY

RWAall SPY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.014%
Price spread now: HTX against Aster+0.111%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$320.323% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.085%−$9 on $10k
Price spread, last 4 days (all we have)+0.034%+$3 · spread now +0.111%, 7d avg +0.029%
Together, before fees−0.052%+ Points / potential airdropAster: Stage 5 · farm board−$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.083% dearer against Aster than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.029%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster SPYUSDT772.290get 0.0000% / 8h7h 30m$863K$199K20x
ShortHTX SPY-USDT773.150get 0.0000% / 8h7h 30m$300K$38K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Aster. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.111% → +0.029%
$8.27
Slippage, 4 orders
−$12.31
Fee Aster: 4 bp × 2 orders
−$8
Fee HTX: 6 bp × 2 orders
−$12
Net
−$24.04
Costs to cover
0.323%
Break-even
never at this rate
Slippage from Aster: live order book, 3 min ago; HTX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 3 min ago0.45 bp4.6 bp −$511.5 bp −$115doesn't fitdoesn't fit
Sell HTX live order book, 2 min ago2.46 bp13.7 bp −$1414.5 bp −$145doesn't fitdoesn't fit

SPY on 27 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin SPY-USDT−0.0120%8h772.32+0.004%$416K$438K50xas long as short
Phoenix SPY−0.0031%1h771.89−0.052%$158K$151K20xas long as short
Aster SPYUSDTlong0.0000%8h772.29long leg$863K$199K20x
Binance SPYUSDT0.0000%8h772.22−0.009%$28.6M$75.3M50xas long as short
Bybit SPYUSDT0.0000%8h772.13−0.021%$6.2M$1.5M100xas long as short
OKX SPY-USDT-SWAP0.0000%8h772.15−0.018%$7.8M$3.1M50xas long as short
Gate SPY_USDT0.0000%8h771.94−0.045%$793K$2.5M75xas long as short
MEXC SPY_USDT0.0000%8h772.21−0.010%$29.6M$11.6M100xas long as short
Bitget SPYUSDT0.0000%8h772.47+0.023%$10.9M$1.5M50xas long as short
GRVT SPY_USDT_Perp0.0000%8h772.84+0.071%$159K$330K10xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX SPY-USDT0.0000%8h773.40+0.144%$2K$1.3M10xas long as short
HTX SPY-USDTshort0.0000%8h773.15+0.111%$300K$38K50x
Lighter RH SPY+0.0032%1h772.34+0.006%$56.7M$118.7M50xas long as short
Deribit SPY_USDC-PERPETUAL+0.0035%1h771.94−0.045%$23K$55K20xas long as short
Arcus SPY-USD+0.0040%1h771.52−0.100%$922K$1.3M50xas long as short
Vest SPY-USD-PERP+0.0046%1h771.10−0.154%$123K50xas long as short
Ondo Perps SPY-USD.P+0.0050%1h771.77−0.067%$4.8M$849K20xas long as short
Coinbase International SPY-PERP-INTX+0.0056%1h772.12−0.022%$950K$507K20xas long as short
Nado SPY-PERP+0.0086%1h771.76−0.068%$1.5M$252K20xas long as short
KuCoin SPYUSDTM+0.0100%8h771.83−0.060%$2.5M$1.0M20xas long as short
ApeX Omni SPYUSDT+0.0100%1h771.94−0.045%$164K$25K50xas long as short
Orderly PERP_SPY_USDC_mythos+0.0100%8h772.25−0.005%$1K20xas long as short
Aevo SPY-PERP+0.0104%1h771.68−0.079%$87K10xas long as short
Lighter SPY+0.0112%1h772.19−0.013%$7.9M$17.1M50xas long as short
GMX SPY/USD [ETH-USDC]L +0.0209% / S −0.0429%1h772.22−0.010%$10K26xas long as short
RISEx SPY/USDC+0.0211%1h772.35+0.008%$7.2M$3.5M25xas long as short
edgeX SPYUSDC+0.0739%4h772.42+0.016%$638K$243K20xas long as short